. Martin Jacques, author, When China Rules the World: The End of the Western World and the Birth of a New Global Order The …-economic shortcomings of the Wests financial systems, particularly the lax regulation, forms the centre-piece of this excellently written … times provocative, assessment of the course of the macro-monetary problems of the world since the "great recession" struck …

1. The rapidly changing world economy -- 2. The great recession -- 3. Global finance and payments imbalances -- 4. The … role of monetary policy -- 5. The post-crisis world -- 6. China's prospects and challenges -- 7. The US external position …

Why are there so many crises in the world? Is it true that the global system is today riskier and more dangerous than …

this absence of regulation is wise, in the light of recent financial crises. This book accordingly presents a framework for … economics and financial regulation. …